Series 3 — National Commodities Futures Examination
The NFA National Commodities Futures Exam (Series 3) qualifies you to solicit customers, customer orders, or customer funds on behalf of a futures commission merchant, retail foreign exchange dealer, introducing broker, commodity trading advisor, or commodity pool operator. It also qualifies you to manage other individuals who sell commodities or futures contracts. There are no prerequisites to take the Series 3 exam, and you do not need to be sponsored. Read more Series 3 FAQs.
Solomon Exam Prep’s innovative study system has helped thousands pass their securities exams. Explore Solomon’s Series 3 study materials below and get started on your path to becoming a Futures Professional!
- RECOMMENDED STUDY TIME: 60-80 hours
- EXAM LENGTH: 125 questions
- EXAM TIME: 2 hours & 30 minutes
- PASSING SCORE: 70%
- TAKING EXAM: Testing is done via Prometric
The NFA Series 3 National Commodities Futures Examination requires a high standard of knowledge and competency. "The Solomon Exam Prep Guide to the Series 3" will help you tackle the Series 3 exam by focusing on the most important and difficult concepts of the exam.
The NFA Series 3 National Commodities Futures Examination requires a high standard of knowledge and competency. "The Solomon Exam Prep Guide to the Series 3" will help you tackle the Series 3 exam by focusing on the most important and difficult concepts of the exam. The Series 3 Study Guide includes practice questions and answers after each chapter, information about the exam, and helpful study tips.
- Trading in Commodity Futures
- Trading in Interest Rate Futures
- Foreign Exchange Futures, Stock Futures, and Futures Spreads
- Simple Options and The Futures Market
- Hedging With Multiple Options
- Futures Price and Market Analysis
- Registration, Regulation, and Disciplinary Procedures
The Study Guide is available in your online Solomon account (this digital guide requires Internet connection and is not downloadable).
To see a sample of the online Study Guide, click here.
If you'd like a physical book, a hard copy upgrade is available (shipping & handling will apply) that contains the same content as the online version in your Solomon account.
To see a sample of the hard copy Study Guide, click here.
Please note: This sample of the hard copy is in PDF form to show the look of the hard copy only, but Solomon Study Guides are not available as PDFs.
The Series 3 Online Exam Simulator is the industry-leading, online testing solution for the Series 3—National Commodities Futures Examination!
The Series 3 Online Exam Simulator is the industry-leading, online testing solution for the Series 3 - National Commodities Futures Examination! The web-based program provides multiple ways to prepare for the Series 3 exam:
- An unlimited number of randomly generated 10-question quizzes corresponding to the sections of the exam outline
- An unlimited number of randomly generated 125-question practice exams with immediate feedback
- An unlimited number of randomly generated 125-question timed exams to best simulate the test-taking experience
The 180-day subscription includes:
- Full access to Solomon Exam Prep's Series 3 question database (Over 1,200 questions!)
- Full access to regular question database updates
(Exam simulator subscriptions are limited to one individual.)
Sample a FREE demo of our Series 3 Online Exam Simulator here!
I initially studied using a different exam prep course (The Securities Institute of America). I waited until I consistently passed the practice exams with a score over 90% before I took the actual exam and unfortunately I failed the exam on my first attempt. I discovered and purchased the Solomon Exam Prep and immediately noticed the studying material was more in depth. I waited until my practice exam score was consistently over 85% and I went to take the actual exam and passed. Thank you so much!! (Series 3)
Joshua Turner, J.D. Turner Capital, LLC, Baltimore, MD
- A speedy response
- Direct access to Solomon professors
- Personalized help
"The Ask the Professor and live chat features were excellent!"
Carol G, New York
*Limited to one question per day.
What does the Series 3 qualify me to do?
A Series 3 license qualifies individuals to solicit customers, customer orders or customer funds on behalf of a futures commission merchant, retail foreign exchange dealer, introducing broker, commodity trading advisor or commodity pool operator. It also qualifies individuals to manage other individuals who sell commodities or futures contracts.
Do I need to be sponsored to take the Series 3 exam?
No. If you’re not employed by a firm, you can still register to take the exam by paying the fee and opening an exam enrollment window via FINRA’s Test Enrollment Services System.
How long should I prepare for the Series 3 exam?
We recommend studying 60-80 hours over a four-week period.
Does the Series 3 have any prerequisites?
Select a class that works for you.